Key facts
- India's third-quarter phosphoric acid import price is $1,700 per ton P2O5 CFR.
- This price represents a 25% increase from the second quarter.
- The price increase amounts to $340 per ton.
- Rising sulphur costs are the primary driver for the price jump.
- The price is quoted on a CFR (Cost and Freight) basis.
India's import price for phosphoric acid in the third quarter has been set at $1,700 per ton P2O5 CFR. This represents a significant 25% increase compared to the second quarter, translating to a rise of $340 per ton. The primary driver behind this sharp escalation in price is the increasing cost of sulphur, a critical raw material in the production of phosphoric acid and subsequently, fertilizers. This price adjustment will impact the cost of fertilizers for Indian agriculture, potentially affecting crop production and farmer economics. The CFR (Cost and Freight) term indicates that the price includes the cost of the product and the shipping expenses to the Indian port.